Digest December 23, 2024: Catalyst Fund 13 Results & Community Feedback, Messari Q3 2024 Report: Key Insights, Season’s Greetings

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Catalyst Fund 13 Results & Community Feedback

The results of the Catalyst Fund 13 were officially announced on the 17th. Over 7,000 unique wallets cast nearly 311,000 individual votes, using a total of 2.5 billion ADA in voting power. A total of 199 projects were selected for funding, continuing the expansion of Cardano’s ecosystem.

This round has sparked important discussions, especially around the involvement of the Cardano Foundation. The Foundation used 180 million ADA to vote, raising discussions about decentralization and the balance of power in governance.

A Roundtable Talk was held to address these concerns and the role of large stakeholders in Project Catalyst, with community members expressing their views on the importance of ensuring that the voice of the broader community remains central. The Catalyst team is already working on strategies to make future governance more community-driven and balanced.

For a deeper dive into the role of large voters in the Roundtable Talks, check out the video:
Watch the video here


Messari Q3 2024 Report: Key Insights

Messari is a reputable cryptocurrency research platform that provides detailed analysis on blockchain projects. Their reports, like the State of Cardano Q3 2024, offer important insights into a blockchain’s financial performance, market trends, and ecosystem development. For Cardano, this report gives a clear overview of the network’s progress, identifying both growth areas and challenges.

Key Takeaways from Messari Q3 2024 on Cardano:

  • Revenue Decline: Revenue fell 31.2% to $0.51 million in USD terms.
  • DeFi Growth: Total Value Locked (TVL) in DeFi increased 13.3%, reaching $231.6 million, with significant growth in Liqwid and other DeFi projects.
  • Stablecoins: USDM’s market cap grew 145.5%, reaching $7.9 million, a notable milestone for stablecoin adoption.
  • Governance: The Chang Hard Fork completed phase one, bringing Cardano closer to decentralized governance and future self-sustainability.

For a full overview, you can explore the Messari Q3 2024 report.


Season’s Greetings and See You in 2025!

As 2024 comes to a close, we want to express our gratitude for the incredible progress we’ve made together. 2025 will be a pivotal year for Cardano’s governance and community growth, so stay tuned.

We wish you a Merry Christmas and a Happy New Year! Enjoy the holidays, and we look forward to another year of collaboration and innovation as we continue building a stronger Cardano in 2025.

Other Cardano Related News

  • Charles Hoskinson’s Advocacy for Bipartisan Crypto Agenda: cryptopolitan.com
  • Robinhood US Expands Cardano (ADA) and Other Cryptocurrency Offerings: investopedia.com
  • Read here about commonly used scam tactics and how to stay safe.

Cardano Reddit Top 7 Most Engaged Topics

Below are the most engaging topics on Reddit

Cardano Forum Top 5 Top Referred Topics

Topics that have received the most clicks from external sources. (last 10 Days)

Topic

Many thanks and greetings from the Community Team!

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